A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia
In this paper we aim to examine the effectiveness of Al-Rahnu (Islamic pawn broking) services in fulfilling and enhancing socio-economic needs of its users as an alternative source of managing short term cash flow problem. To achieve our objectives we conducted a survey in two cities of Malaysia: Ku...
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| Format: | Article |
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Global Research & Development Services (GRDS)
2015
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| Online Access: | http://irep.iium.edu.my/49894/ http://irep.iium.edu.my/49894/ http://irep.iium.edu.my/49894/1/ISLAMIC_PAWN_BROKING_SERVICES_2015.pdf |
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iium-49894 |
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eprints |
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iium-498942018-10-16T03:33:01Z http://irep.iium.edu.my/49894/ A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia Mohd Noar, Nor Zaihan Islam, Mohd Aminul H Social Sciences (General) HA154 Statistical data In this paper we aim to examine the effectiveness of Al-Rahnu (Islamic pawn broking) services in fulfilling and enhancing socio-economic needs of its users as an alternative source of managing short term cash flow problem. To achieve our objectives we conducted a survey in two cities of Malaysia: Kuantan and Kuala Terengganu in the states of Pahang and Terengganu respectively. A sample of 128 users of Ar-Rahnu services were used to collect data through distributing a semi-structured questionnaire. The results were analyzed via the cross tabulation using excel spreadsheets. The findings from this study revealed that the community, especially the Malay ethnicity found Al-Rahnu services effective in fulfilling their needs of getting access to small short term loans with fast and hassle freeway and hence making them loyal to Al-Rahnu services. This implies that the Ar-rahnu services are well accepted as a better mean to ease short term financial difficulties and hence able to empower socio-economic needs of the people. The fulfillment of needs are derived from two main components of Al-Rahnu survey questions i.e. the loan tenure and the loan sufficiency. Global Research & Development Services (GRDS) 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/49894/1/ISLAMIC_PAWN_BROKING_SERVICES_2015.pdf Mohd Noar, Nor Zaihan and Islam, Mohd Aminul (2015) A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia. PEOPLE: International Journal of Social Sciences, 1 (1). pp. 890-903. ISSN 2454-5899 http://grdspublishing.org/22-people-special-issue-2015/228-people-special-issue-vol-1-issue1-nor-zaihan-bin-mohd-noar.html |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
H Social Sciences (General) HA154 Statistical data |
| spellingShingle |
H Social Sciences (General) HA154 Statistical data Mohd Noar, Nor Zaihan Islam, Mohd Aminul A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia |
| description |
In this paper we aim to examine the effectiveness of Al-Rahnu (Islamic pawn broking) services in fulfilling and enhancing socio-economic needs of its users as an alternative source of managing short term cash flow problem. To achieve our objectives we conducted a survey in two cities of Malaysia: Kuantan and Kuala Terengganu in the states of Pahang and Terengganu respectively. A sample of 128 users of Ar-Rahnu services were used to collect data through distributing a semi-structured questionnaire. The results were analyzed via the cross tabulation using excel spreadsheets. The findings from this study revealed that the community, especially the Malay ethnicity found Al-Rahnu services effective in fulfilling their needs of getting access to small short term loans with fast and hassle freeway and hence making them loyal to Al-Rahnu services. This implies that the Ar-rahnu services are well accepted as a better mean to ease short term financial difficulties and hence able to empower socio-economic needs of the people. The fulfillment of needs are derived from two main components of Al-Rahnu survey questions i.e. the loan tenure and the loan sufficiency. |
| format |
Article |
| author |
Mohd Noar, Nor Zaihan Islam, Mohd Aminul |
| author_facet |
Mohd Noar, Nor Zaihan Islam, Mohd Aminul |
| author_sort |
Mohd Noar, Nor Zaihan |
| title |
A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia |
| title_short |
A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia |
| title_full |
A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia |
| title_fullStr |
A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia |
| title_full_unstemmed |
A study on the efficacy of Islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-Kuantan and Kuala Terengganu in Malaysia |
| title_sort |
study on the efficacy of islamic pawn broking services in fulfilling socio –economic needs: a case of two cities-kuantan and kuala terengganu in malaysia |
| publisher |
Global Research & Development Services (GRDS) |
| publishDate |
2015 |
| url |
http://irep.iium.edu.my/49894/ http://irep.iium.edu.my/49894/ http://irep.iium.edu.my/49894/1/ISLAMIC_PAWN_BROKING_SERVICES_2015.pdf |
| first_indexed |
2023-09-18T21:10:29Z |
| last_indexed |
2023-09-18T21:10:29Z |
| _version_ |
1777411219303432192 |